Restricting, regulating short-term listings key to increasing rental stock in Nanaimo: City report
NANAIMO — The City is exploring ways to regulate and restrict short-term rentals in Nanaimo, a move considered key to addressing local housing affordability and availability.
Staff are working behind the scenes, reviewing best practices in other municipalities and preparing for community engagement on the subject. A staff report with possible regulations is expected in front of Council this spring.
Dale Lindsay, the City’s director of community development, said the recently adopted Nanaimo Affordable Housing Strategy identified regulating short-term accommodations, on sites like Airbnb and VRBO, as a priority to create more rental stock.
“Concerns were raised about the proliferation of these types of rentals and the impact it has on rental availability in the community. The strategy recommended a number of actions to regulate short-term accommodations,” Lindsay told Council this week.